Operating revenues were $854.2 million, including approximately $49.1 million from the 53rd week, compared to $867.0 million in the prior year quarter. Favorable changes in foreign currency exchange rates benefited revenues by $4.2 million. Same store operating revenues declined 8.8%, an improvement compared to a decline of 9.4% in the third quarter of 2017, due to our strategic subscriber pricing initiatives and the inclusion of a full quarter of ReachLocal revenue in our same store calculation. Total digital revenues increased to $272.3 million, or approximately 31.9% of total revenue. GAAP net losses were $13.6 million, including a $42.8 million tax expense from the Tax Cuts and Jobs Act of 2017 and $27.6 million of after-tax restructuring, asset impairment charges and other costs. Click Read More below for additional information.
‘The Nation’ Reduces Print Frequency In Favor Of Bigger Issues (mediapost.com)
The Nation, which now appears every other week, is switch to monthly frequency in January.
The leftist magazine is promising 84 “bigger, richer” pages instead of the 48 it is serving now, according to the New York Times.
This is being done in response to reader preferences, says D.D. Guttenplan, editor, • “Unlike almost all of our competitors, The Nation has never made a lot of money from advertising,” Mr. Guttenplan points out, according to the Times.
The Nation is resolutely not going to an all-digital model.
https://www.mediapost.com/publications/article/391809/the-nation-reduces-print-frequency-in-favor-of-b.html